Public Storage 2003 Annual Report Download - page 34

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24
The following table sets forth the high and low sales prices of the Common Stock on the New
York Stock Exchange composite tapes for the applicable periods.
Range
Year Quarter High Low
2002 1st $ 38.400 $ 33.190
2
nd 39.290 34.950
3
rd 37.900 29.000
4
th 32.530 27.980
2003 1st $ 33.600 $ 28.250
2
nd 36.200 28.250
3
rd 39.250 33.710
4
th 45.810 39.150
The following table sets forth the high and low sales prices of the Depositary Shares Each
Representing 1/1,000 of a Share of Equity Stock, Series A on the New York Stock Exchange composite
tapes for the applicable periods.
Range
Year Quarter High Low
2002 1st $ 28.250 $ 26.650
2
nd 28.400 27.160
3
rd 28.180 25.700
4
th 27.700 26.050
2003 1st $ 28.100 $ 26.480
2
nd 28.900 26.870
3
rd 29.120 27.300
4
th 29.950 28.000
As of March 8, 2004, there were approximately 19,581 holders of record of the Common Stock
and approximately 12,304 holders of the Depositary Shares Each Representing 1/1,000 of a Share of Equity
Stock, Series A.
b. Dividends
We have paid quarterly distributions to our shareholders since 1981, our first full year of
operations. Overall distributions on Common Stock for 2003 amounted to $225.9 million or $1.80 per
share.
Holders of Common Stock are entitled to receive distributions when and if declared by the
Companys Board of Directors out of any funds legally available for that purpose. We are required to
distribute at least 90% of our net taxable ordinary income prior to the filing of the Companys tax return
and 85%, subject to certain adjustments, during the calendar year, to maintain our REIT status for Federal
income tax purposes. It is our intention to pay distributions of not less than this required amount.